The Cabinet will soon make a decision on an industry ministry proposal to put more curbs on Foreign Direct Investment (FDI) in the tobacco sector, aimed at further discouraging tobacco consumption to honour the country’s commitment to the World Health Organization (WHO). An early decision by the …
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India start-up fest in London in 2017
Start-up entrepreneurs from India and the UK would assemble on the banks of the Thames in London in the spring of 2017 for the first such international fest organised by the government. As part of its ambitious Start-Up India Action Plan, the Prime Minister Narendra Modi-led government plans to h…
Fintech cos can now cash in on GST platform services
After receiving criticism from some financial services and fintech startups for not being able to offer services under the Goods and Services Tax (GST) regime, the GST Network has devised a strategy to rope in such companies as well without compromising the security of the system. GSTN, a not-for…
Indian Angel Network to fund free legal aid start-up Lawrato
Indian Angel Network has invested an undisclosed amount in Lawrato.com, a portal that connects lawyers to potential customers, the latter said in a statement on November 16. Alok Mittal, Co-Founder, Indian Angel Network, led the pre-series A round in the company, which will see V.P. Rajesh and Sr…
IDFC Bank & SME MaXX come together to boost Indian SMEs in e-Commerce
SME MaXX, India’s leading SME success services company, announced collaboration with IDFC bank to enable Indian SMEs set up an effective e-Commerce channel for their business. As a part of the collaboration IDFC bank will sponsor a series of e-Commerce workshops in major Indian cities. E-Co…
ITPO’s initiatives to ease cashless transactions at IITF
India Trade Promotion Organisation(ITPO) has taken various measures to facilitate cashless transactions for the participants (including artisans from MSME, CAPART, EPCH, NMFDC) and exhibitors at the ongoing India International Trade Fair (November 14-27, 2016) at Pragati Maidan, New …
Ransomware haunts SMEs, attacks up 8 times in Q3: Kaspersky
Even as small and medium businesses as well as start-ups in India try to adopt new technologies to stay ahead of the competition, they lag behind when it comes to deploying the necessary security infrastructure to safeguard their assets. Targeted and custom malware attacks are steadily on the ris…
KVIC is working on modernization of Khadi units | MSME MoS Giriraj Singh
In a bid to ride on sudden spurt in Khadi’s popularity, the Government is working for technological and financial upgradation of Khadi industry. “To modernize Khadi sector in country, Khadi & Village Industries Commission (KVIC) has set up interfaces with leading technological institute…
Kalraj Mishra invited Chinese companies for technological collaboration with Indian SMEs
There are long pending demands from MSME sector like overhauling of import laws, high anti-dumping duty on import of certain goods, implementing schemes which fuel the export of MSMEs etc. All theses demand are aimed at checking the entry of cheap products from China, Vietnam and Bangladesh, dama…
Currency Ban Impact | AP, Telangana lose 30% SME business
Small and medium enterprises (SMEs) across Telangana and Andhra Pradesh are in a tight spot now, with the ill-executed demonetisation move announced by Prime Minister Narendra Modi last week taking a heavy toll on their operations. Industry bodies and insiders estimate that the SMEs in both the T…